There’s a lot of housing data out this week: homebuilder sentiment, building permits and housing starts. To top it all off, mortgage rates hit 7.5% last week, so there’s a bit of a cloud hanging over housing affordability. The median income today in the U.S. is just above $80,000, but according to data from the Federal Reserve Bank of Atlanta, the median income would need to be around $140,000 in order for buying a home to be considered affordable. Schwab’s Kevin Gordon takes a look at the data ahead of this week’s housing data in the Week Ahead.
Subscribe to our channel:
Check out more Insights & Education from Charles Schwab:
Connect with Charles Schwab:
Facebook:
X:
Open an account with Charles Schwab:
[WA26-1019]
source
